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A man spends 60% of his income on different items. His income is increased by 20% and his expenditure is also increased by 10%. Find the percentage decrease in his savings?
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- 10%
- 15%
- 20%
- 25%
Correct Option: A
Let person’s income be Rs. 100.
Expenses = Rs. 60
Savings = Rs. 40
New income = Rs. 120
| Expenses = Rs. |  |  | = Rs. 84 | 100 |
Savings = Rs. (120 – 84) = Rs. 36
| ∴ Required percent decrease = | × 100 = | = 10% | ||
| 40 | 40 |
